Latvian VC Skillion Ventures leads €2m round for Mintos

The Latvian company will use Skillion's seed capital for product development, expanding the team and accelerating the growth of its platform.

Mintos expects to attract additional non-bank lenders to its platform, which currently features seven. The non-bank lenders use the platform to provide loans in Georgia and the Baltic countries, though the company's management hopes to expand geographically with the addition of Polish and Czech non-bank lenders.

Company
Latvian Mintos is a peer-to-peer lender allowing private individuals as well as financial institutions to invest in small loans originated by non-bank lenders.

The company claims to have lent in excess of €15m through its platform over the course of the past year.

People
Mintos – Martin Sulte (CEO).

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• Topics
• Early-stage
• CEE
• Financials
• Venture
• Baltics
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• seed